DP World has signed a major multi-year deal to continue its deployment of iSpec, the world’s leading web and mobile-based software procurement solution for buyers of capital-intensive equipment.
The Dubai-based port and logistics giant’s latest contract renewal for iSpec covers three years and includes an option for a further two-year extension.
DP World, which offers end-to-end supply chain logistics solutions via its 123 business units in 54 countries across seven continents, is a long-term supporter of iSpec, the core product of lifecycle contract management specialist Remy InfoSource. After signing its first contract for the deployment of iSpec in 2006, the latest contract renewal by DP World takes the partnership through to 2025.
“We are delighted DP World has had so much success deploying the iSpec Lifecycle Contract Management solution for managing its global procurement of strategic equipment and has signed up for another extended collaboration via this contract renewal,” said Pieter Boshoff, CEO of Remy InfoSource.
“The extended agreement is based on the long-term trusted relationship between DP World and Remy InfoSource. DP World will continue to leverage iSpec for strategic decision-making and management information allowing visibility, control and governance across its global business portfolio.
“This has been a highly fruitful partnership. As a leading global and smart trade enabler, DP World recognises that innovative procurement technologies such as iSpec allow it to stay at the forefront of supply chain solutions.”
Governments and companies regularly procure products and services worth millions, and sometimes billions, of dollars from external providers. Complex projects can take many years from idea to completion. Cost overruns, delays and implementations failures are often the norm rather than the exception. Various project management systems aim to support this process but, unlike iSpec, most focus on the vendor/provider instead of the buying organisation.
iSpec’s web and mobile-based software has continuously been developed over the past 15 years specifically for buyers of capital-intensive outsourced projects. The software provides a unified platform for tender management with dedicated accounts for all relevant parties including all contract terms as well as technical specifications. After awarding the contract to one or multiple vendors, a seamless transition to the implementation phase prevents vendors renegotiating or claiming to not have been aware of detail requirements.
“We have developed the iSpec iNspect mobile inspection app to track ongoing delivery to guarantee specification compliance,” said Boshoff. “This dramatically reduces the risk of failed projects by streamlining the delivery process and facilitating end-to-end transparency throughout.”
As businesses around the world have instructed staff to work from home during the coronavirus pandemic, the value of iSpec’s transparent digital management platform has been further emphasised. Online functions for managing procurement in iSpec cover everything from the drafting of contracts and tender publication through to commissioning and final handover, making the switch to remote project management seamless.
“Our customers such as DP World have not suffered even a slight speed bump on their projects,” said Boshoff. “iSpec is the perfect enabler of remote working because all stakeholders can access everything from anywhere at any time. All stakeholder collaboration is conducted entirely online so no printed materials or face-to-face meetings involving costly travel are required.”
On top of its standard suite of services, Remy InfoSource also provides DP World with robust technical support for iSpec, quarterly enhancements tailored to DP World’s requirements, and smart dashboards and reporting capabilities that have together significantly improved the efficiency of its strategic equipment procurement.
DP World also uses its iSpec platform to maintain the integrity of contract documents, facilitate collaboration with global stakeholders, and manage clause-based tender clarifications and tender response evaluations.
“The DP World contract also provides effective risk management, tracks project compliance and delivery and ensures transparency and audit-ability of the entire procurement process,” said Boshoff.
He added: “iSpec’s focus is very much on the buying organisation, which is why as a solution it is proving attractive for port and logistics companies such as DP World who have to get their procurement right to protect the bottom line.
“If you have a system that tracks everything including all specifications, emails, approvals, correspondence, negotiations, inspections, etc. all in a single point-of-truth and easily accessible to all stakeholders, then you can hold buyers and suppliers accountable, enforce compliance, resolve disputes and manage risk much more easily.
“It is when people work outside of an all-encompassing solution that miscommunication occurs, deliverables are delayed and contractual disputes arise.”
A massive fire broke out at the Port of Beirut on Thursday, incinerating a warehouse full of tires and oil within the port’s free zone. The same area was heavily damaged in the ammonium nitrate explosion that leveled the central port area and the adjacent waterfront on August 4. According to Lebanon’s civil defense agency, […]
Over the course of the past five days, the Australian Maritime Safety Authority arranged a medical intervention for an injured aboard a freighter in the Indian Ocean. On Saturday evening, the Spliethoff tweendecker Dolfijngracht called for assistance while under way about 1,000 nauical miles off the coast of Western Australia. A crewmember had sustained serious […]
The naval forces of the US and Bahrain recently staged a joint force training exercise which showcased the interoperability between coalition warships operating I the Arabian Gulf. Coalition Task Force Sentinel executed combined exercise Sentinel Shield supporting Sentry and Sentinel patrols in the coalition’s area of operations. The guided-missile destroyer USS John Paul Jones and […]
DSV Belgium has solid experience in the transport of pharmaceutical products for different customers. With a pharma hub based at Brussels Airport a lot of experience and know-how has been built up over the years. Last weekend, the forwarder handled one hundred million mouth masks, an important milestone for its Belgian organisation that has put […]
The U-Freight Group (UFL), with its considerable involvement in eCommerce logistics, says that the latest statistics showing that global e-commerce sales hit $25.6 trillion in 2018 are a further vindication of its decision to enter this sector of the international freight market several years ago. The latest available estimates, up 8% from 2017, were recently […]
The UK government’s new post-Brexit tariff regime will result in both winners and losers. The new regime is set to replace the European Union’s Common External Tariff from the end of the Brexit Transition Period on December 31, 2020. The UK’s commitment to the ongoing Brexit process and ending the UK’s transition from EU membership […]
The National Transportation Safety Board (NTSB) has released a Marine Accident Brief about an accident that occurred on April 15, 2019, involving the towing vessel DeJeanne Maria which struck the end of a submerged dredge pipeline while pushing two spud barges to the Gulf of Mexico. The incident occurred on the Mississippi River in Pass […]
Astral Aviation has increased its intra-African network with cargo freighters during the pandemic. While there has been a reduction in capacity to, from, and within Africa, which has been caused by a stoppage of passenger flights and limited frequencies on freighter aircraft, Astral Aviation continues to operate cargo freighters from its Nairobi hub to 13 destinations […]
With close to 100 daily cargo flights operated to a destination network spanning more than 65 cities across six continents, Emirates SkyCargo is delivering essential supplies and commodities to people around the world. The air cargo carrier is currently operating 11 Boeing 777 freighter aircraft, each with a capacity to transport about 100 tonnes of […]
Best known as a leading passenger airport serving Germany’s most populated federal state North Rhine-Westphalia, Düsseldorf has become transformed into a vital distribution point, during the COVID 19 pandemic, for medical equipment and other life-saving goods, mostly from China. Gerton Hulsman, managing director of cargo operations, reports that the handling teams are working hard to […]
Operators can continue to use pilots and other crew members who have unable to comply with certain training, recent experience, testing, and checking requirements due to the COVID-19 outbreak in support of essential operations. Additionally, this Special Federal Aviation Regulation (SFAR) provides regulatory relief to certain persons and pilot schools unable to meet duration and […]
Emirates SkyCargo has expanded its weekly scheduled cargo flight operations to cover 75 destinations across six continents. Through its wider reach, Emirates SkyCargo is able to transport essential commodities and other urgently needed cargo more rapidly across the world, allowing exporters and importers across markets to benefit from direct access to widebody cargo capacity. Some […]
Global commercial aviation charter company Albion Aviation Group is reporting that it is seeing a considerable uptake in its professional cargo broker training courses from the current global pandemic crisis and surge in charter demand. “We have completed a number webinar courses for a whole of host of companies, looking to manage their own cargo […]
The First DP2, Twin-Hulled SOV in the World, NB72 Groene Wind met the Sea on September 29. 2020 in Yalova, Turkey. The Groene Wind will be directly chartered to Siemens Gamesa Renewable Energy for the maintenance of the Rentel and Mermaid & Seastar (known as SeaMade) offshore wind farms in Belgium. This is the first DP2, […]
Callan Marine is serving as the prime contractor to the Texas Department of Transportation for a maintenance dredging project located at the Bolivar Ferry Terminal, in Galveston, Texas. Work began in May and is estimated to be complete in late July 2020. The project consists of the removal of 600,000 cubic yards of material and […]
Network Airline Management and TAAG Angola Airlines are pleased to announce the renewal of their long-term freighter aircraft contract by an additional 12 months, sealing an ongoing partnership for the foreseeable future. Operating a regular weekly scheduled service from Liege, Belgium, to the capital of Angola, Luanda, Network Airline Management provides a Boeing 747-400F aircraft […]